Rejection of books of accounts - where the net profit rate ...

Income Tax

December 16, 2014

Rejection of books of accounts - where the net profit rate discloses an arbitrary and perverse consideration, it would be a question of fact - if consideration leading to a net profit rate is perverse and or arbitrary, the finding so rendered shall be illegal and shall not be a question of fact - HC

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Rejection of books of accounts - where the net profit rate ...

Income Tax

December 16, 2014

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Rejection of books of accounts - The lower G.P. Rate never attracts the addition and it cannot be a ground for rejection of the books - HC

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